Excess Insurance and Reinsurance
In recent years, there has been an increase in the number of disputes involving primary and excess insurers and ceding companies and their reinsurers. Foran Glennon Palandech Ponzi & Rudloff attorneys provide counseling for excess insurers, reinsurers, and ceding companies on claims, arbitrations, and litigation arising from all kinds of property and casualty losses.
Our clients include the world’s leading excess insurers, reinsurers, cedants, managing agents, and brokers. The services we provide include: excess insurance and reinsurance contract interpretation; advice on settlement issues; arbitration and litigation; alternative dispute resolution and mediation; and advice on bad faith and punitive damage claims.
Among our recent successes:
|•||The landmark decision of the United States District Court for the Southern District of New York in Arkwright v. United Fire & Casualty, which involved non-concurrencies in coverage between the reinsurance certificate and reinsured policy;|
|•||A jury verdict in California exonerating excess insurers from liability for damage to courthouses and other government buildings in the County of Los Angeles alleged to have been caused by the Northridge earthquake of 1994; and|
A summary judgment in Dallas, Texas in favor of excess insurers sued by the Wyndham hotel chain, which sought coverage for business losses sustained at 160 properties as a result of the September 11 terrorist attacks.
Our attorneys arbitrate and litigate disputes involving millions of dollars in excess insurance and reinsurance exposure, appear frequently as speakers and guest lecturers at industry seminars, and are available for individualized in-house training.